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O-LevelCommerceGlobal trade7100/12 · May/June 2013 · Q191 Mark

What is the main advantage of a trading bloc?

Afree trade between member countries
Bguaranteed prices to producers
Cincreased revenue from customs duties
Dmore trade with non-member countries

✓ Correct answer

A: free trade between member countries

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About this question

Topic
Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2013 Paper 1 Variant 2, question 19.

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